21 April 2021

Hong Kong at the crossroads

Dominic Carman

Featured in our Offshore Report (April 2021)


The big offshore law firms maintain a strong presence in Hong Kong, which continues to generate an enormous flow of work in deals, disputes, finance, funds, listings and private wealth. Collectively, their local offices have expanded over recent years to surpass the 300-lawyer mark, making it the third most-heavily lawyered jurisdiction by offshore firms after Cayman and Jersey.

But Hong Kong is a city in transition as the People’s Republic of China (PRC) increasingly flexes its muscles in this unique Special Administrative Region (SAR). Indeed, 2022 will mark the halfway point of “one country, two systems”: the guiding principle for Hong Kong since it ceased to be a British colony.

Related News

May 2024 News

Switzerland: Still resilient and reliable?

Like the country in which they operate, Swiss law firms seem immune to adversity beyond their borders. So, how do they do they manage it?

May 2024 News

Germany’s distress: Switzerland needs the sick man of Europe to recover

As the German economic miracle gives way to stagnation and a real estate crisis, can Switzerland remain immune to the challenges facing its giant neighbour?

May 2024 News

A feast for litigators: Fallout from the UBS-Credit Suisse merger

As AT1 bondholders use “the world’s best, most expensive lawyers” to take on the Swiss financial regulator, what lessons does the Swiss bank merger provide?

May 2024 News

Swiss regulation: The privacy vs transparency debate rages on

New data protection law and anti-money laundering proposals that impact law firms’ privacy – how is Switzerland managing to square the circle?